The dollar index rose to the 102.00 level
- During the Asian trading session, the dollar is bullish from support at the 101.40 level.
Dollar index chart analysis
During the Asian trading session, the dollar is bullish from support at the 101.40 level. Growth continued in the EU session up to 102.00 levels. In the last couple of hours, we are staying in that zone and could see a potential pullback. It could happen up to the 101.80 level, where the previous high would be tested.
In the zone around 101.70, additional support for the dollar is provided by the EMA50 moving average, and for a bearish option, we need a breakout below. Potential lower targets are 101.60 and 101.50 levels. If we were to stay at the 102.00 level, we would have an old initial position for the next impulse and continued dollar growth.
Potential higher targets are 102.10 and 102.20 levels. In the US session, we expect important news about The Core Personal Consumption Expenditure (PCE) Price Index, which measures the changes in the price of goods and services purchased by consumers for the purpose of consumption, excluding food and energy.
